The Daily Shot Brief – March 16th, 2018




The United States: The NY Fed’s Nowcast model is downgrading the Q1 GDP growth. And this model is yet to incorporate the recent weakness in retail sales.

Source: The NY Fed


Equity Markets: Companies with strong earnings (the Bloomberg Pure Growth Portfolio) have done tremendously well this year.

Source: @business; Read full article


Rates: Economists continue to raise their forecasts for the Fed Funds rate trajectory.

Source: @WSJ; Read full article

Capital Economics sees an even steeper rise in rates over the next two years. The Fed will then be forced to cut rates as the economy slows.

Source: Capital Economics


The Eurozone: New car registrations in the Eurozone periphery are rising quickly.

Source: Pantheon Macroeconomics


Energy Markets: Here is the latest IEA forecast for the global crude oil supply balances.

Source: @JavierBlas2, @IEA, @TheTerminal


Cryptocurrency: Short-sellers are circling Overstock which rallied dramatically last year after its apparent involvement with blockchain technology.

Source: @markets; Read full article


Credit: Leveraged loan spreads have tightened just as default rates pick up.

Source: @theleadleft, @TRLPC; Read full article
Source: @lcdnews, @distressedLCD; Read full article


Food for Thought: The following 50 countries have the highest ‘happiness’ index (with Finland at the top – see story).

Source: The World Happiness Report; Read full article

And these are the 50 countries with the lowest scores.

Source: The World Happiness Report; Read full article

Immigrants in each country are as happy as the native-born population.

Source: The World Happiness Report; Read full article






Have a great weekend!

Edited by Joseph N Cohen

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